Northbaze Group (Sweden) Market Value
| NBZ Stock | SEK 0.15 0.07 31.82% |
| Symbol | Northbaze |
Northbaze Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Northbaze Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Northbaze Group.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Northbaze Group on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Northbaze Group AB or generate 0.0% return on investment in Northbaze Group over 540 days. Northbaze Group is related to or competes with Image Systems, Advenica, Leading Edge, Kancera AB, and Integrum. Northbaze Group AB designs, develops, and produces earphones and equipment for portable media players worldwide More
Northbaze Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Northbaze Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Northbaze Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 74.68 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 26.32 |
Northbaze Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northbaze Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northbaze Group's standard deviation. In reality, there are many statistical measures that can use Northbaze Group historical prices to predict the future Northbaze Group's volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (2.18) | |||
| Treynor Ratio | (1.76) |
Northbaze Group AB Backtested Returns
Northbaze Group AB has Sharpe Ratio of -0.0148, which conveys that the firm had a -0.0148% return per unit of risk over the last 3 months. Northbaze Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northbaze Group's Mean Deviation of 8.89, standard deviation of 14.12, and Risk Adjusted Performance of 0.0073 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0285, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northbaze Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northbaze Group is expected to be smaller as well. At this point, Northbaze Group AB has a negative expected return of -0.2%. Please make sure to verify Northbaze Group's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Northbaze Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Northbaze Group AB has below average predictability. Overlapping area represents the amount of predictability between Northbaze Group time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Northbaze Group AB price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Northbaze Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northbaze Group AB lagged returns against current returns
Autocorrelation, which is Northbaze Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Northbaze Group's stock expected returns. We can calculate the autocorrelation of Northbaze Group returns to help us make a trade decision. For example, suppose you find that Northbaze Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Northbaze Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Northbaze Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northbaze Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northbaze Group stock over time.
Current vs Lagged Prices |
| Timeline |
Northbaze Group Lagged Returns
When evaluating Northbaze Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northbaze Group stock have on its future price. Northbaze Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Northbaze Group autocorrelation shows the relationship between Northbaze Group stock current value and its past values and can show if there is a momentum factor associated with investing in Northbaze Group AB.
Regressed Prices |
| Timeline |
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Additional Tools for Northbaze Stock Analysis
When running Northbaze Group's price analysis, check to measure Northbaze Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northbaze Group is operating at the current time. Most of Northbaze Group's value examination focuses on studying past and present price action to predict the probability of Northbaze Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northbaze Group's price. Additionally, you may evaluate how the addition of Northbaze Group to your portfolios can decrease your overall portfolio volatility.